Summary of Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2013

Interest-bearing Due From Banks

Amounts due from the Federal Reserve Bank, which are interest-bearing for all periods presented, and amounts due from certificates of deposits held at other financial institutions are included in interest-bearing due from banks. The amounts due from certificates of deposit totaled $22.9 million and $134.7 million at March 31, 2013 and March 31, 2012, respectively.

This table provides a summary of cash and cash equivalents as presented on the Consolidated Statement of Cash Flows as of March 31, 2013 and March 31, 2012 (in thousands):


	March 31,
	2013		2012
Due from the Federal Reserve	$	1,608,279	$	923,611
Cash and due from banks		319,535		403,575

Cash and cash equivalents at end of period	$	1,927,814	$	1,327,186

Per Share Data

Per Share Data

Basic income per share is computed based on the weighted average number of shares of common stock outstanding during each period. Diluted income per share includes the dilutive effect of 418,210 and 347,396 shares issuable upon the exercise of stock options granted by the Company at March 31, 2013 and 2012, respectively.

Options issued under employee benefit plans to purchase 280,611 and 632,533 shares of common stock were outstanding at March 31, 2013 and 2012, respectively, but were not included in the computation of diluted EPS because the options were anti-dilutive.

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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